Agreed. While I am more favourable to platforms like Lemmy and Kbin on a more or less ideological level (I hate how the internet is essentially five companies in a trench coat at this point, all using user generated content and data for their own profits), Reddit as an experience isn't terrible enough for me to throw it away yet (or at least, these sites can't replicate what I'm looking for well enough to make me commit to jumping ship just yet).
I'm glad these platforms are getting a lot more attention, I'm glad to see them grow and mature (both in terms of userbase, but as well as functionality), and I want them to succeed. However, once the dust from the blackout has settled (most of the subs I normally visited are still private, which I fully support), I will probably jump back to Reddit until the restless march towards enshitification strikes once again, and I leave the platform more or less for good (with these platforms at the top of the list of alternatives for me to return to).
It's even more hilarious when the label is much more accurately applied to capital owners such as himself; they are the ones actually making money off of other people's labour via their ownership (of a company rather than land).